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NSIC Establishes ‘Innovolts Lab’ for Industrial Automation and Smart Factory Solutions

Newsmantra — Tue, 23 Dec 2025 10:33:09 +0000

NEW DELHI . NSIC has set up an ‘Innovolts Lab’ for Industrial Automation and Smart Factory Solutions at the Advanced Training Centre of NTSC, Okhla, strengthening its focus on industry-oriented skill development. The state-of-the-art lab is equipped with advanced Siemens and Mitsubishi Human Machine Interface (HMI) systems and PLC kits, designed to provide hands-on training for common industrial applications such as material handling, product sampling, digital control of motor speed, torque and frequency, elevator operations, and other automation processes.

The new facility aims to offer specialised training opportunities to youth and the industrial workforce in emerging areas of industrial automation. It seeks to position the centre as a modern, multi-disciplinary, industry-ready advanced training hub, while supporting skill development initiatives and further empowering the MSME ecosystem. The ‘Innovolts Lab’ was inaugurated by Dr Subhransu Sekhar Acharya, CMD, NSIC, yesterday , in the presence of senior officials from the NSIC Corporate Office and NTSC, Okhla.

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NSIC Signs LOI with Meta and India SME Forum to Boost Digital Capacity of MSMEs

Newsmantra — Mon, 08 Dec 2025 06:59:32 +0000

NEW DELHI – The National Small Industries Corporation (NSIC), on behalf of the Ministry of MSME, has signed a Letter of Intent (LOI) with Meta and the India SME Forum to strengthen digital capacity building for MSMEs across the country. The LOI was signed by Mr. Kartikeya Sinha, Director (Planning & Marketing), NSIC, Mr. Arun Srinivas, MD & Country Head, Meta, and Mr. Vinod Kumar, President, India SME Forum, in the presence of senior officials of the Ministry of MSME. The partnership will enable the rollout of an AI-powered WhatsApp chatbot to provide MSMEs with real-time guidance on government schemes, compliance, credit access, skilling, and digital onboarding. The signing coincided with the launch of the India SME Forum’s report, “The State of Digitalisation in Indian MSMEs,” based on a survey of 7,835 enterprises, highlighting the positive impact of digital adoption on business growth, and also marked one year of the Digishaastra Initiative, which has trained over 4.76 lakh entrepreneurs nationwide. This collaboration reinforces NSIC’s role in advancing MSME competitiveness, resilience and growth through technology-driven, accessible solutions aligned with the Digital India mission.

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NSIC, paid a dividend of ₹43.89 crore to the Government

Newsmantra — Tue, 28 Oct 2025 12:33:26 +0000

The National Small Industries Corporation Limited (NSIC), a Mini Ratna enterprise under the Ministry of MSME, paid a dividend of ₹43.89 crore to the Government of India for the financial year 2024-25. The dividend cheque was presented by Dr. Subhransu Sekhar Acharya, CMD, NSIC to Shri Jitan Ram Manjhi, Hon’ble Union Minister of MSME and Sushri Shobha Karandlaje, Hon’ble MoS, Ministry of MSME, in the presence of Shri S.C.L. Das, Secretary, Ministry of MSME, Ms. Mercy Epao, JS (SME), Shri Kartikeya Sinha, Director (P&M), NSIC and other senior officials from Ministry and NSIC. Dr. Acharya highlighted NSIC’s financial milestones, including a revenue of ₹3,431 crore and Profit after Tax (PAT) of ₹146.30 crore, up by 15.60% from the previous year. The Hon’ble Minister applauded NSIC’s efforts in empowering MSMEs through integrated support services, and both leaders expressed confidence in NSIC’s continued role in fostering enterprise creation and skill development.

#MSME #PMVishwakarma #scsthub #coir #KVIC #Khadi #NSIC #MGIRI #NIMSME #employment #Empowerment #Entrepreneurship

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NSIC Signs MoU with Bank of Baroda to Enhance MSME Credit Access

Newsmantra — Wed, 15 Oct 2025 05:36:46 +0000

The National Small Industries Corporation (NSIC) signed an MoU with Bank of Baroda during the MSME Conclave in Bengaluru to facilitate easier access to credit for MSMEs. The agreement aims to improve the availability and affordability of financial support. The event was attended by Minister of State for MSME, Shobha Karandlaje, along with senior officials from NSIC, Bank of Baroda, and the Ministry of MSME. This partnership seeks to strengthen MSME growth through better credit facilities.

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NSIC Venture Capital Fund Ltd. Holds 5th Annual General Meeting

Newsmantra — Wed, 01 Oct 2025 06:42:29 +0000

The 5th AGM of NSIC Venture Capital Fund Ltd., a wholly owned subsidiary of NSIC, was held on September 29, 2025, at the company’s registered office in New Delhi. Chairman Subhransu Acharya highlighted the company’s record-breaking performance for the year, marking its highest achievements to date. He reaffirmed the organization’s commitment to expanding the investment ecosystem and providing growth capital to MSMEs, supporting their efforts to contribute to India’s self-reliance. The AGM was attended by shareholders, all Directors including the Government Nominee Director, Statutory Auditors, and other senior officials of the company. The meeting reflected the company’s dedication to fostering MSME growth and strengthening its role in promoting inclusive economic development, paving the way for continued success and innovation in the MSME sector.

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NSIC Hosts 4th India–Taiwan SME Cooperation Forum on Automotive & EVs

Newsmantra — Tue, 16 Sep 2025 06:55:25 +0000

NSIC successfully organized the 4th India–Taiwan SME Cooperation Forum: Driving the Future of Automotive & EVs on September 11, 2025, at the Banquet Hall, India Expo Centre, Greater Noida. The event was held alongside the 5th EV India Expo 2025.

The Forum began with welcome remarks from the Co-chairs, Ms. Mercy Epao, Joint Secretary (SME), Ministry of MSME, and Dr. GJ Lee, Director General, SMESA, Ministry of Economic Affairs, Taiwan. This was followed by keynote addresses from Dr. Subhransu Acharya, CMD, NSIC, and Dr. Lewis Chen, General Director, ITRI, Taiwan.

The program featured expert presentations and a panel discussion on the latest trends, challenges, and opportunities in the EV sector.

A 30-member Taiwanese delegation took part in the Forum, including senior officials from SMESA, ITRI, and representatives of 12 leading Taiwanese automotive and EV companies.

The Forum created a strong platform for collaboration, bringing together business leaders, innovators, and entrepreneurs from both countries to explore digital advancements and sustainable growth in the automotive and EV industry.

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CMD, NSIC inaugurates the EV India Expo

Newsmantra — Tue, 16 Sep 2025 06:49:46 +0000

CMD, NSIC inaugurates the 5 th EV India Expo Dr. Subhransu Acharya, CMD NSIC, along with Ms. Mercy Epao, Joint Secretary-SME, Ministry of MSME, jointly inaugurated the 5th edition of EV India Expo at the India Expo Centre & Mart, Greater Noida.

CMD, NSIC inaugurates the 5 th EV India Expo Dr. Subhransu Acharya, CMD, NSIC, along with Ms. Mercy Epao, Joint Secretary-SME, Ministry of MSME, jointly inaugurated the 5th edition of EV India Expo at the India Expo Centre & Mart, Greater Noida.

Organized by Indian Exhibition Services in collaboration with the Green Society of India, the expo serves as a premier platform advancing India’s transition toward sustainable and electric mobility.

The inauguration ceremony commenced with the traditional lighting of the ceremonial lamp by the dignitaries, followed by a guided tour of the exhibition. They commended the diverse array of cutting-edge innovations and emerging technologies showcased by participants in the electric vehicle sector.

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NSIC celebrates 70th Foundation Day; reaffirms commitment to Atmanirbhar Bharat

Newsmantra — Tue, 16 Sep 2025 06:17:36 +0000

Union Minister Jitan Ram Manjhi inaugurated NSIC’s 70th Foundation Day, celebrating its contribution to the MSME sector. He urged for greater awareness of NSIC schemes and comprehensive support for MSMEs in capacity building and digital adoption.

Addressing the gathering, the Union Minister congratulated NSIC on completing seven decades of dedicated service to the MSME sector and lauded its role as a catalyst in strengthening and nurturing India’s vibrant micro, small and medium enterprises. He emphasised the importance of creating widespread awareness of NSIC’s schemes among entrepreneurs and highlighted the need to provide comprehensive handholding support to MSMEs, particularly in the domains of capacity building, innovation support,

S. S. Acharya, CMD, NSIC, reaffirmed NSIC’s commitment to advancing the vision of Atmanirbhar Bharat, emphasising that NSIC will continue to play a pivotal role in enabling the growth, competitiveness and resilience of MSMEs in India. He further added that the 70th Foundation Day celebration was not only a tribute to the Corporation’s rich legacy but also a reaffirmation of its resolve to build a stronger and more self-reliant entrepreneurial ecosystem for the future.

He also expressed his heartfelt gratitude to all stakeholders who have been instrumental in NSIC’s journey over the past seven decades.

Others present at the event included S.C.L. Das, Secretary (MSME), Rajneesh, Additional Secretary & Development Commissioner (MSME), Mercy Epao, Joint Secretary (MSME), besides Directors of NSIC, senior officials from the Government of India, representatives of NITI Aayog, Industry Associations, and MSME entrepreneurs.

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NSIC Celebrates 70 Years of Service to India’s MSME Sector

Newsmantra — Mon, 08 Sep 2025 08:14:32 +0000

The National Small Industries Corporation (NSIC) marked its 70th anniversary in New Delhi, attended by prominent dignitaries including MSME Minister Shri Jitan Ram Manjhi, Secretary S.C.L. Das, and CMD Dr. Subhransu Acharya, along with officials from government bodies, industry associations, and MSME enterprises. The event highlighted NSIC’s vital role in supporting India’s vibrant MSME sector and called for a strategic roadmap for the next 70 years. The celebration featured a Foundation Day Lecture by Chief Economic Advisor Dr. V. Anantha Nageswaran, who discussed India’s macroeconomic outlook and policy initiatives to further strengthen MSMEs.

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IndusInd Bank signs MoU with National Small Industries Corporation (NSIC) to Strengthen Credit Access for MSMEs

Newsmantra — Thu, 21 Aug 2025 12:33:57 +0000

Bengaluru, August 21, 2025: Reinforcing its commitment to expanding its MSME outreach, IndusInd Bank has signed a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC), a Government of India enterprise under the Ministry of MSME. Through this strategic collaboration, the Bank will work towards accelerating credit delivery and extending comprehensive financial support to over 6.7+ crore Udyam-registered Micro, Small and Medium Enterprises (MSMEs) across the country.

The MoU was signed in New Delhi, in presence of the esteemed dignitaries – Shri Jitan Ram Manjhi, Union Cabinet Minister of Micro, Small and Medium Enterprises in the Govt. of India, Shri S.C.L. Das, IAS, Secretary-Ministry of MSME, Govt. of India, Smt. Mercy Epao, Joint Secretary in the Ministry of Micro, Small & Medium Enterprises in the Govt. of India, Dr. Subhransu Sekhar Acharya, Chairman & Managing Director, The National Small Industries Corporation Ltd. (NSIC), Mr. Gaurav Gulati, Director of Finance, NSIC, and Mr V. Raghunath, EO to CMD, DGM Finance, NSIC.

IndusInd Bank will extend customized banking solutions to MSMEs associated with NSIC, including working capital, term loans, and structured credit facilities. The collaboration complements NSIC’s flagship initiatives such as the Credit Facilitation Scheme and the Single Point Registration Scheme, which enables the MSMEs to access bank finance more efficiently and benefit from preferred treatment in government procurement. These combined efforts will empower these enterprises to secure timely credit, participate more effectively in larger markets, and scale operations sustainably.

This MoU is part of IndusInd Bank’s larger mission to strengthen the MSME sector by combining NSIC’s trusted ecosystem with the Bank’s financial expertise and digital capabilities, thus bridging credit gaps, and contributing to the Government of India’s vision of fostering self-reliance and inclusive economic progress.

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